The price of Rollbit Coin (RLB) has dropped by almost 5% to $0.214 after experiencing a 12% surge at the beginning of the month. Despite the dip, RLB remains bullish and is currently trading within an ascending parallel channel. The token recently reached a new all-time high of $0.23, indicating strong momentum. The Rollbit ecosystem has been actively reducing the circulating supply of RLB tokens through token burning, which creates a trade imbalance in favor of demand. The network repurchases and burns millions of tokens daily from its earnings, making it difficult for other altcoins outside the top 50 to compete.
After reaching a new all-time high on November 1, profit booking has increased for RLB on the Ethereum chain. However, the Rollbit chart still looks healthy, providing opportunities for investors. It’s important to note that this is not investment advice, and traders should always conduct their own research and invest money they can afford to lose.
The outlook for Rollbit Coin price suggests that as long as it remains within the ascending parallel channel, there is potential for further gains. The Relative Strength Index (RSI) and Awesome Oscillator (AO) indicate that bulls still have control of the market. If buying pressure increases, RLB could break through resistance levels and reach a new all-time high.
However, there are signs of fading momentum as more bulls exit the market. If selling pressure continues to increase, Rollbit Coin price could break below crucial support levels and invalidate the bullish thesis. In this case, the price may fall significantly.
In the meantime, investors looking for alternatives to Rollbit Coin may consider TGC (TG Casino). TGC is a native cryptocurrency for a Telegram casino ecosystem designed by crypto startup Jim AI Studios. It offers exclusive online, anonymous crypto gambling with safety measures in place. Investors can also stake TGC tokens for rewards with high annual percentage yields (APY).
The presale for TGC tokens has already reached $1.65 million, and early adopters have seen the value of their holdings increase. Tokens can be purchased on the TG.Casino website for $0.15 each using ETH or USDT stablecoin.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.